FINANCE OPTIONS

^Growth Guarantee Scheme for Hospitality Businesses - Apply

Q: How much can I borrow under the Growth Guarantee Scheme?

Eligible businesses can borrow between £5,000 and £5 million, dependent on credit score, turnover, and profitability. The exact amount you can obtain is influenced by these factors, with the scheme supporting substantial growth and operational funding needs for hospitality businesses.

Q: How quickly can I get a decision?

The initial decision on loan applications typically takes 2 to 4 weeks. Once approved, funds are made available between 1 to 2 weeks, provided all necessary documentation is completed accurately and fully.

Q: What are the interest rates for these loans?

Interest rates for the Growth Guarantee Scheme range from 3% to 12% APR, determined by your business's creditworthiness, the loan amount, and prevailing economic conditions. Lender-specific policies may also influence these rates.

Q: What are the eligibility requirements for the scheme?

To qualify, UK-based hospitality SMEs must have fewer than 250 employees and an annual turnover of up to £45 million. They must demonstrate the economic impact of COVID-19 or other challenges on their operations, substantiated by financial statements and business plans.

The Growth Guarantee Scheme for Hospitality Businesses offers a unique opportunity for UK hospitality SMEs to access essential finance for growth and recovery. By providing loan guarantees, it reduces lender risk, thus facilitating easier access to finance for eligible SMEs. Whether for operational improvements or adapting post-COVID, this scheme is ideal for restaurant chains and family-run hotels seeking to renovate or expand. For further details, the Government Growth Scheme explanation offers in-depth insights.

Business loans

Secure up to £500,000 in Business loans with Funding Agent.

Quick and easy application process
Loan disbursed within 24 hours
No additional charges for early repayment

Apply Now

What are the ^benefits of Growth Guarantee Scheme for Hospitality Businesses?

This scheme enhances financial access, offering loans from £10,000 to £5 million with competitive interest rates ranging from 3% to 12% APR. Lenders benefit from reduced risk, while borrowers enjoy flexible funds use. For an overview on reducing lender risks, consider reading about Enterprise Finance Guarantee.

Financial support

Risk mitigation

Business growth

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of Growth Guarantee Scheme for Hospitality Businesses?

Government-backed Business Loan

These loans are available for UK hospitality SMEs with less than 250 employees. Typical amounts range from £10,000 to £5 million, with lending terms between 12 to 72 months. For more, see Business Loans.

Government-backed Business Loan

Eligible businesses must prove COVID-19 impact. Interest rates vary from 3% to 6% depending on risk assessments. Ideal for investments in renovation or digital transformation, typical decision times range from 2 to 4 weeks. Learn more about application processes in our qualification guide.

Unsecured Small Business Loan

Targeted at SMEs with a history of at least 24 months, these loans offer amounts from £5,000 to £250,000, with terms of 12 to 60 months. Visit Unsecured Business Loans for more.

Unsecured Small Business Loan

Interest rates range from 6% to 12%, based on creditworthiness. Typically used for inventory purchase or marketing, decisions take 1-2 weeks. The entire process is online, involving bank statements and performance reviews. See unsecured loans best practices.

Asset Finance

Ideal for buying tangible assets, Asset Finance offers between £20,000 to £1 million over 12 to 84 months. More on Asset Finance.

Asset Finance

With interest rates starting at 5% APR, this option supports equipment or vehicle acquisition, with decisions taking 3-6 weeks. For implementation ideas, check out Asset Finance insights.

What is the Growth Guarantee Scheme for Hospitality Businesses?

Application Processes and Timescales

The application involves submitting financial records and business plans to assess eligibility. Decisions typically take 2 to 4 weeks, followed by fund availability 1 to 2 weeks post-approval. Explore Business Loans for process insights.

Regulatory and Compliance Requirements

Loans under the scheme comply with FCA regulations, ensuring responsible lending. Borrowers must meet sector-specific health and safety standards. For regulatory details, understand asset-based lending.

Borrowing Capacity and Rate Information

Borrowing amounts range from £5,000 to £5 million, influenced by credit score and turnover. Interest varies from 3% to 12% based on creditworthiness. Delve into asset finance options to understand rate dynamics.

Get Funding For your business

Generate offers

FAQ’S

How much can I borrow under the Growth Guarantee Scheme?

How quickly can I get a decision?

What are the interest rates for these loans?

What are the eligibility requirements for the scheme?

DIVE DEEPER

June 9, 2025

We Like To Keep Things Simple

Match with

150+

Lenders

Loans from

£1000
to
£500K

Find all our resources

^Growth Guarantee Scheme for Hospitality Businesses - Apply

What are the ^benefits of Growth Guarantee Scheme for Hospitality Businesses?

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of Growth Guarantee Scheme for Hospitality Businesses?

Government-backed Business Loan

Government-backed Business Loan

Unsecured Small Business Loan

Unsecured Small Business Loan

Asset Finance

Asset Finance